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wealth of nations

 

Definitions from the Web

Wealth of Nations

Definition: Wealth of Nations refers to the seminal book written by economist Adam Smith in 1776. It is considered one of the foundational works in the field of economics, arguing for the benefits of free trade, capitalism, and economic specialization.

Examples

Noun (Book):

  1. Adam Smith's Wealth of Nations revolutionized economic theory.
  2. If you're interested in understanding classical economics, I highly recommend reading Wealth of Nations.
  3. Wealth of Nations offers valuable insights into the forces that shape economies.

Noun (Concept):

  1. Free trade and capitalism are key themes discussed in the Wealth of Nations.
  2. Adam Smith emphasized how economic specialization contributes to the wealth of nations.
  3. The concept of the Wealth of Nations remains relevant in contemporary economic discourse.

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